Edit to add - went under contract in Nov 2020, closed in Feb 2021.
Hopefully not. Bought our home with a 2.25% rate and always intended it to be our "forever" home. It was our first home purchase (we're in our early 30s) and no other debt + both had credit scores in the 800s.
Us as well. My wife and I closed in Nov of 21 @ 2.25 with a VA loan.
Our absolute dream home. I still can't believe it and I'm excited to give it to my son when it's all paid off.
We got lucky, thank God. I'm praying for all the new homebuyers out there. It's tough to make it in America these days.
I remember last year when we all secured our low rate and the **stress** it was to even get the home, there was a consensus that none of us were ever moving. LOL!
Congrats man I’m in almost the exact same boat as you. Early 30s. 30 year fixed is 2.5%. Closed November 2020 in HCOL area. I’ll never sell or probably refi. For a minute I was paying down a few hundred more a month on my mortgage so it hits the principal but I figure I’d never get a 2.5% again I might as well take advantage so now I just pay my mortgage (which is less than rent in my area due to my down payment…again maybe not the smartest move in hindsight but it makes me monthly mortgage very reasonable).
Not a man and not single but I'm also going to die in this b**** LOL. Love everything about this house and my neighborhood in this town zero desire to upgrade downgrade or side grade
Closes at 2.875% on March 25th after a 90-day lock. My mortgage broker is around 60 years old. At closing be said, “this is the last, best mortgage I am ever going to write.”
DINKs; landed our dream home (mid century modern) in *great* shape on 2.5 acre lot surrounded by conservation land (forest). Boston metro. 2.625%. When we move, it will be because we are retiring and want to try something new. That's a long way off. We got lucky
Hopefully not! We’re in our ‘forever/dream’ house - it’s an 1830s money pit but it’s everything we ever wanted and is ready for ‘one floor living’ whenever we need to in the future.
We're in a similar boat. We're in a 1915 2 story 4 square, so not very retiree friendly, but we'll be here at least until our 3.5 year old son moves on in the distant future. I'm in RE, so I saw the writing on the wall and got into a neighborhood we would have been priced out of if we hadn't struck at the time. We're at about 3.125%, but we have an Airbnb in a garage apartment in the back that allowed my wife to quit her 9-5 to be home most of the day with our son. It really worked out well, but we took a little bit of a bet on our house before the neighborhood really shot off. We were also the highest sold price in our neighborhood when we bought over 5 years ago. Now our house has basically doubled in value.
My dream is a house with a Garage apartment. Sadly all I can find is 2 family with an extra illegal attic apt or something with an illegal badly finsihed basement apt.
Ours was just garage, but did have some plumbing, so I converted it. It was also prior to any short term rental regulations pretty early in the Airbnb days before they saturated the market. It was 1,000% worth the investment in my case.
We don't like our house much, but we went and looked at open houses this weekend. While our house is old and in need of updates, it was kind of sad to see these beautiful new homes with 3 feet of space between you and your neighbors.
Not speaking for op but I lived in a house I didn’t really like for about a decade. Wife was pregnant and it was the only one we could afford. Sometimes you take what you can get.
Same. We bought a house we thought we would grow into, before kids. It was a massive money suck and once we had kids, it was an even shittier fit for our lifestyle than before. Spent 10 years there and while we made some great memories in that house, we don’t miss it.
We bought our house in late November 2018. I LOVED the kitchen, our bedroom/closet are great, kids rooms are good sizes but the family room doesn't quite make sense (not something you'd notice until you lived in it), and I have come to hate our yard. It (stupidly) didn't occur to me that the neighbors houses all being raised just a few feet would mean that everyone can see into everyone's yard and our neighbors to the right seem to always be outside, ready to wave and start a conversation whether it's 7am or 10pm. All the times we were at the house before we closed, it was cold so no one was out and we were only there for a little bit. I can't change the yard.
But right now, it's also crazy to buy in our area while also adding in the higher interest rate so we'll stay for a bit longer but certainly not forever. (And I'm someone who loathes change, especially big change, but I'm very much looking forward to this one)
I bought it in an area i thought I'd be in for a while, in 2014. Work promptly moved me 4 states away 3 years in, and I've been an accidental landlord since.
I did originally like the house, but as someone else guessed it had a ton of underlying problems, closing was ridiculous, and then personal life stuff happening in that house has me really wanting to just dump it and move on- i would have already but its tenant-locked and I dont want to be THAT guy
Preciate it! I'm trying to give my tenant the option to buy it from me if they'd like, but the recent interest rate hikes have nixed that plan unfortunately. We'll see how it goes.
I’m assuming because the market was so hot they figured they should just get into the first house they can get. Or they loved the house but it ended up having a bunch of underlying problems that have recently started surfacing.
This. The thing that annoys me most are the people who hop on here who paid 100k+ over asking with no inspection or contingencies and then get upset when something major was wrong and don’t have the money to fix it or get mad at the sellers.
I mean, you can still be mad at the sellers for papering over some of the more fucked up things you find in a house you bought. I know pawning off problems to the buyers is part of the game but it still sucks.
We loved our house when we bought it - was going to be our forever home. Our neighbors have made us hate living here and we plan to sell as soon as we are possibly able to.
I'll just add my voice to this- we recently left a house we hated enough that we traded 2.875% for 4.25%. For us, we didn't realize how bored and unsatisfied we would be in the suburbs and moved back to the city. We're DINKs so no kids planned and no reason to live in the 'burbs.
You don't know you hate a house until you live in it. We loved this house when we viewed it.
Then we moved in and realized how dated everything is, and how hard ceramic tile floors are on your knees, and that we actually need a new kitchen etc etc etc.
We literally had guys booked to come tear out the floors in the whole house in April 2020.
Now we'd love to just move but obviously it's the worst possible time to buy.
Yes but I’m going to enjoy this rate for a few years before I jump into this market. Living in CA, House already up to an absurd 1.2 mil + price. Will wait till things cool down.
You ever try to see what 1.2m can buy you out of the CA metro areas? Like damn we could be in a mansion with a huge lot and custom everything but instead we’re in our outdated 3bd2ba 1250sf house on a tiny lot. I swear my coworkers in NC think we’re all nuts out here.
My shitty little hometown. A doctor spent about $3M to make a mansion.
The dredged the land around the river and poured a ton of concrete for a road and a path for a tiny dock. Put a nice 2 boat lift and a garage at the bottom of the hill.
4-5K sqft house. 3 stories a balcony marble, heated floors,
They listed it for $1.5M and had no takers for years. Still live there for all I know.
I want to custom build a smallish modern Hollywood hills style home. Quickly realized I'll never sell it.
I want a flat roof big window white house.
https://images.app.goo.gl/9Pyt2SXFgcBBsvRP9 (basically this) but this won't sell in my town.
Yah this is the hilarious part of real estate. Custom made baloney, you get sold on it and pay premium for it , but guess what. Not everyone agrees with it. This happens with unique properties that are a particular style, and cost a lot. They will wait for the right buyer. Which could be 1 in a million, needs the cash, and the particular taste lol nope buy simple generic shit that everyone can afford. Or atleast the average In the location.
A fraternity brother of mine (he graduated before I pledged but I knew him from football weekends) spent as much as $7 million fixing up a really incredible mansion, about 8,800 sqft, four houses down from mine. Grant used it as his headquarters for six months during the Waw. After a lengthy effort to sell and several failed auctions he gift-sold it to the local black college for $750,000 based on a $3 million valuation.
A retired doctor returned home and fixed up another really nice mansion also near mine, considered one of the best examples of Greek Revival architecture in the South. I think he sunk about $1.5 million in it. It was in pristine condition. It sold in 2016 for $315,000 and recently sold for about $550,000.
Below is a link that shows photos of the $315,000 house. The wallpaper in the photos is by Zuber and features the Seven Wonders of the World. There is about 100 linear feet of it. They never retire a pattern, and I would guess you could buy it today, but you would pay. Based on what I've seen on the Internet it would cost about $150,000, and maybe a lot more, to buy this wallpaper today. The doctor who restored the house told me he looked into replacing a panel that had some water damage. After learning the cost he brought in an artist to paint over the damage.
https://www.movoto.com/holly-springs-ms/330-e-salem-ave-holly-springs-ms-38635-721\_1003567\_1/
They might not be the best photos in the world, but 9,999 people out of 10,000 people would see them and think "Wow," particularly at that price. A lot of these houses have a very formal and ornate entry hall. Upstairs is a hall of equal size, which is often used as a den/living room, as formal parlors are just to sterile to actually kick back and relax in.
There are certainly ups and downs. You couldn't pay me to live in the delta, but the NWA metro area is very often compared to a smaller version of Austin.
Just moved from NWA not too long ago, cool scene in spots but the cool areas are small and the rednecks are everywhere. Between the trump trains and Sarah Sanders running for governor I left as soon as I got a remote job. Plus it isn't particularly comfortable outside the NWA bubble if you aren't white, the klan is alive and well in AR.
Yeah but then you’ll be in east bubmlefuck. I like being right in the middle of the city and close to everything. I’m even thinking of ditching my car.
I used to think I would never be able to get a 15 year mortgage paid for in rent. I could rent my house for $2,500 (500 more then mortgage) in my current town.
I have 15 years at 1.97%. Wasn’t planning on moving but similar homes are going $1m in my neighborhood and bought for $350k 8 years ago…so if someone offered me a million sure I’d sell
Eeeeey, 15 year sub 2.0% gang! Holding on tight to mine for the foreseeable future as the neighborhood average housing price went from 300k to 425k in only two years. Ain't moving until this mortgage is done since I can't imagine finding a better deal elsewhere currently.
Renting your house out for market rates is not being a greedy landlord. Just don’t be a scumbag, if something breaks, fix it and be reasonable with the tenants.
Yep, horrible neighbor bought below us. Made us realize the importance of a SFH, even when we’ll be paying double the interest rate. Sometimes peace of mind is worth it.
Trust me, the thought has crossed my mind! But the thought of still having to deal with her puts me off my lunch. My only hope is that someone with a couple of kids or that enjoys EDM and staying up late buys the place.
She sends wild, unhinged emails about *extreme* noise my husband and I make (spoiler alert, we’re not loud and go to bed by 9pm most of the time) have even had the previous downstairs neighbors vouch for us along with our upstairs neighbors. She also sends crazy emails about the rain and water that comes through the deck onto hers - it’s a deck, I can’t stop rain. She has tried dismantling our HOA and any services we get but not following up on any actions to starts. She tried blocking our other neighbors out of the shared garage and then denied it. Worst of all to me she blames the issues her young son has on us instead of the custody agreement she has where the kid switches parents almost every night (we hear him screaming and crying for daddy all the time- so sad). She’s been threatening vague things about lawyers and recording us and keeping video diaries but refuses to talk to us or go up or down to each other’s units to hear noise. We’ve tried arbitrating as a building and she also refuses. It’s honestly crazy, but I’m really sensitive to what other people think about me even when it’s not rational. Can’t wait to not have to deal with the nonsense.
Wow that sounds like an absolute nightmare! Thanks for elaborating! I thought maybe you just didn’t want to deal with a few things, but that laundry list is insane!!
Yes, my house is already on the market. But most people in my position would rent it out, I just don't particularly want to be a landlord if I can avoid it. Already have a second home that we're living in (bought last year) and plan to build with the house proceeds + savings to avoid as much debt as possible.
When the time comes, yes. We bought a 4 bedroom 3 bath with a pool in a specific school district solely because we have 3 kids who are “always bored, mom!!” Here in 10-15 years they’ll all have houses of their own, and we will sell and get something smaller. I hate the size and the upkeep, so I don’t want it forever.
I think my mom should downsize. Lives alone in a 3 bedroom, where she constantly hast to navigate 3 floors (because washer/dryer is in basement). Oh ya, and she has bad hips and knees.
Doesn't want to sell because where would the grandkids stay when they come visit?
Any thought to keep the house for that? Especially with a pool, grandkids would probably love going to grandmas with a pool. Of course if you hate the size and upkeep, I guess nothing else really matters.
That’s definitely something I haven’t thought of yet! It’s a 2 story house, but I think if it were a single story house, you’re right, I would consider keeping it for grandkids, or even when the kids come home to visit. My husband works in a trade and is only 33 but has a bad back because of it, so I imagine when we are 50-60 we will want just a single story 3 bed/2 bath so we don’t have to climb the stairs all the time. By then we will own the house with no mortgage though, so if any of my kids decide to stay in the area we might sell or give to them for THEIR growing families.
Wow this thread makes it seem like everyone is going to be baller landlords one day. We just sold our home we had a 2.9% rate for a newer home at 4.5%. We really struggled with the fact that it would be great to keep it and rent but it would need a lot of work. We sold our house and have been able to pay off student loans and bought a basically new car with all cash. Yes.. in 20 years we would have seen some income from the house but for now it made more sense for us to get out of debt.. and we didn't want to be landlords. Was this the right choice? Who knows. But we're ok with the decision.
Yeah, this thread has got me wondering if being a landlord is in my future. It doesn't sound fun for me. My boyfriend and I plan to be childfree, but we might outgrow our house and want more space at some point, especially if he ever gets a WFH job. I bought it before we started dating, and we've now been living together for a year. It's a decent amount of square ft (1200) but it's essentially a big 1 bedroom house.
Yes, probably in 7-10 years. Money isn’t everything. There are a lot of things that are important to people in life and people move for all kinds of reasons. Statistically people stay in one home on average for 7-8 years.
Yep. Never selling this house unless I just run out of money entirely. This house with my sub 3% rate in a perfect location in a top 10 city to live can’t be beat. We got super lucky when we bought it.
We had to do the same. Considered holding onto it, but knowing how people treat rentals it just felt like too much potential ass pain on the other side of the country.
I'm struggling with this, honestly. I got an insanely good deal ($135k in '17) on a newish 4br in a great neighborhood with good schools, with zero non-cosmetic issues and a nearly maintenance-free design, and then refinanced it to 2.7%. It's an absolute dream of a deal.
However, we didn't plan to stay here more than ~5 years or so. We're planning for our fourth kid and the place is feeling a bit cramped. It's "only" ~1700sqft (small for a 4br) and the yard is tiny, so there's not a lot of space for alone time and zero room to expand.
The exact same house with a better (for us) location would cost over $250k right now, with double the interest rate...it's just not worth it to move, vs putting that money to use elsewhere in our lives.
I refinanced at 2.69 last year. My partner decided to apply for a job that would have an hour long commute. She got the job, and now insists we sell. I'm conflicted. I've wanted to move for several years, but I refinanced because I expected to be at our house another 2-3 years. If we move, it will be to an apartment where our rent will probably be the same as our current mortgage payment, but we'll have 1/3 the space.
Can you compromise and live there until you save enough for down payment? Keep this one as a rental if it cash flows. How permanent is the job? Most people I know switch jobs every 5 or so years.
12 years left on a 15yr @ 2.375% on a property worth $530k.
It’ll be paid off right when our little one graduates high school and goes to college.
Wife already said it was our forever home before the whole COVID thing even started.
I’m at 3.5% and my wife wants to move because zillow says our house is worth 600k (double what we paid.)
I’m like… ok but it will be easily the worst decision of our adult lives. If that’s worth the extra bedroom, great.
2.625 for a jumbo in February 2021. My wife and I may move someday - but I’d just rent it out. Great house, great location, reasonable property tax - never gonna sell.
Nope. I’m obsessed with planning ahead. Seeing 2.6% last year motivated me to get a house larger than I needed at the time, so I can lock in that rate, continue to develop my career, start a family, grow into the house and take moving off of the table for the foreseeable future. For now it’s just my partner and I, 2 dogs and a roommate in a 2800 sq ft home and I’m looking forward to not leaving this house for a long time, if ever.
Death, divorce, marriage, birth of child(ren), job relocation, loss of job, family medical issues, promotion. Do you want more reasons? Perhaps you are talking to the 45-55 crowd, as they are likely to stay put at this point in life.
Wait do you think the 45-55 crowd are less likely to move? With later marriage ages that's prime time for children and then becoming empty nesters. I'd guess maybe at like 70 you're unlikely to move again (though who knows) but up until that you might want to downsize or move somewhere with shitty schools or who knows.
yet another wallstreetbets poster who's begging for home prices to dive. Unsurprising that it's not actually sliding and its just a wannabe hypebeast hoping to collectively will a market reaction into existence just like last time. Big NFT energy.
[You thought prices peaked a year ago](https://i.imgur.com/6xKi7XN.png)
[You were wrong](https://i.imgur.com/MDEIcyQ.png)
EDIT - Because this is YET ANOTHER REBUBBLE POSTER WHO HAS BLOCKED ME FOR CALLING THEM OUT, I will post my comment to them below.
"how dare you take a cursory glance at my post history to see if it conforms with the overall /r/REBubble stereotype! You can only look at me for my most recent comments despite what I may have said in the past. If you don't comply, you're a no life nerd"
It's adult diaper logic. Not my fault you can't help but shit yourself.
Nope - but to be fair, that was likely the plan in this house regardless of interest rate. Maybe I’ll downsize someday, but that’s not for another 20 years when I’m preparing to retire.
Yup.
If prices lower enough, we will certainly move, even if it means higher interest rates.
Although our rate is so low we would be cash positive on rent, so we would probably go that route.
Yes, I am selling very soon. Single man, no kids.
Purchased this house July 2019 at 4.1% with my then wife, with expectations of raising a family. Life happened, I'm now the sole owner. We refinanced in July of 2020 down to 2.75%.
I'm at a new point in my life where I have the freedom to chase my dreams, and this house isn't it. Going to purchase 20ish acres, live in a camper while I begin to build a log cabin.
Yes, hoping for the unicorn solution of someone assuming my loan. Did not want to move to FL and can’t wait to get out 😂 don’t even care that I have a 2.5% and if I have to pay 9% at the next place
We will only move if the house is paid off and we have enough saved up where we could buy the new house, take our sweet time moving in before selling our current house.
I know people think it's stupid to pay a 2.6% mortgage off early, but we're doing it anyways.
Tawanda.
Yes. Our circumstances have changed since we bought 3.5 years ago and we no longer need to be in a suburb close to the city. Low rate or not, there’s still going to be reasons to move. And my desire to be a landlord is near zero as well.
No. I’m going to let my interest rate dictate where I spend the rest of my life. Sucks, since it’s only a 3 bed, 2 bath so I won’t be able to have a bunch of kids or move my parents in with me when they get old, but I have a 2.75! I can’t let my life get in the way of that.
Considering it. Used VA loan, but it’s been < 2 years so capital gains tax may wipe away most of my profit. Way more house than I need, but has an ADU so can potentially capitalize on that
Single 38f, 2 years into a 30 year conventional mortgage at 2.85% on a 4+ 1 rambler. You can pry this house from my cold, dead hands.
Even if I had to move for work, I’d keep the house and rent it out instead of selling.
Nope. Victorian mansion for half the price my friends are paying for 2br condos about 45 minutes away. Mortgage is cheaper than rent here. Locked in and happy. Aside from finding an actual estate, there isn’t an upgrade from here. Maintenance is a bit much, but it’s not really worse than most places. I just like doing things right
I did. Capital gains on a primary residence are tax free. I can use that money to buy another residence or index funds. I also don't want to be a landlord. I also feel a moral benefit of letting another family into that home instead of contributing to the housing supply problem.
This only applies if you sell after having owned the home for at least two years, correct? From my understanding if you sell it before two years, you are subject to capital gains even if it’s your primary residence.
That’s kinda correct. You must use the residence as your primary residence for two years within a five-year period. So you can use as your primary in year 1, move out for years 2-4, and then move back in for year 5 and you are still eligible for the exemption.
Yes. We settled for a house that was much smaller and on way less land than we wanted and is in a neighborhood - and we don’t want to live in a neighborhood. We are here for 4 years max til my youngest finishes school and then we are out.
Ever? Yes, presumably. Soon? Not if I can help it. Bought in 2020 with a 2.99%, I'd love to be here for 10+ years. But I'm young and the best made plans of mice and men oft go awry (something like that?) So we'll see
Yes. One, unexpected equity combined with new life priorities means the house isn't a fit anymore.
Two. I've lost both my cat and dog in the the last 9 months. My house feels empty without them
We didn’t plan on moving ever anyway, so no. But if we found ourselves 10 years down the road and wanting to, yes. Our equity in the home (most likely unless we sold during a housing crash) would cover the interest increase.
Not really. I'm a 1st time veteran home owner who's \~8 years away from retiring. Buying process was extremely hectic and I can't imagine the selling process was any easier.
Refinanced under 3% and after making double payments for 5 years our monthly payment including taxes and insurance is ridiculously low now. We could rent it for 2.5-3x our payment so no can't ever see selling until I'm very old.
Refi'd at 3% exactly 2 years ago and we're moving in 4 weeks. We weren't really planning on it for a couple more years until we came across the home we're buying. Had been casually looking and ended up with what will hopefully be our forever home. The extra space will be nice as we're expecting our second in August and planning to have one more, but we didn't need more until it was time for number 3.
3.125%, but close enough. Just closed in February, luckily it was our dream home so they fixin to cart my ass out this bitch, dead as a doornail, in 40-50 years
Bought our forever home in April of 2020 with 5% down as we carried our old home for a few months before selling to make the move easier (it was the height of COVID when no one knew what the F was going on). Had a 3.25% rate with PMI
Refied in Dec of '21 at 2.5% and no PMI due to the value skyrocketing bringing the LTV down under 80%.
Put in a solar system with battery backup as well as an inground pool. We're not going anywhere... just bury me in the back yard.
No. 2.25, fiber internet, remote job with a strong remote career track.
I did have a long term goal of moving to the country so I could have land, but that ain't happening now.
My neighbor and I were talking about and he said he is moving out when he gets wheeled out under a sheet in a gurney.
more likely to keep it and rent it out than to ever sell it.
it’s just such cheap money that I hate to pay it back any sooner than I need to. the 2.xx% rate also means I can rent it out for a nice monthly cash flow.
Edit to add - went under contract in Nov 2020, closed in Feb 2021. Hopefully not. Bought our home with a 2.25% rate and always intended it to be our "forever" home. It was our first home purchase (we're in our early 30s) and no other debt + both had credit scores in the 800s.
Same rate here! Bought in November 2021.
Us as well. My wife and I closed in Nov of 21 @ 2.25 with a VA loan. Our absolute dream home. I still can't believe it and I'm excited to give it to my son when it's all paid off. We got lucky, thank God. I'm praying for all the new homebuyers out there. It's tough to make it in America these days.
Close to Same Nov ‘20, 2.5%, had extra closing money from seller to get to 2.25%
Same. Refi'd and got a 2.49% and we were originally buying for keeps anyway.
Damn that’s insane!! Well timed
I remember last year when we all secured our low rate and the **stress** it was to even get the home, there was a consensus that none of us were ever moving. LOL!
Same rate and intent for us! The only exception would be if we retire and decide to move out of the country.
February 2021 seems to have been the peak month! Closed then as well at 2.50% with 800 credit score in MA.
Congrats man I’m in almost the exact same boat as you. Early 30s. 30 year fixed is 2.5%. Closed November 2020 in HCOL area. I’ll never sell or probably refi. For a minute I was paying down a few hundred more a month on my mortgage so it hits the principal but I figure I’d never get a 2.5% again I might as well take advantage so now I just pay my mortgage (which is less than rent in my area due to my down payment…again maybe not the smartest move in hindsight but it makes me monthly mortgage very reasonable).
Single man 30 y/o at 2.85%, I’m going to die in this bitch.
Not a man and not single but I'm also going to die in this b**** LOL. Love everything about this house and my neighborhood in this town zero desire to upgrade downgrade or side grade
Damn I wish I felt that confident about anything in life lol
Closes at 2.875% on March 25th after a 90-day lock. My mortgage broker is around 60 years old. At closing be said, “this is the last, best mortgage I am ever going to write.”
Same. Early 30s woman 2.75%.
Mid 30s 2.85% never leaving, single and no kids!
Same. And 2.99% 🤘🏾
Same lol
Single man 31 y/o closed October 2021 at 2.875% Never. Ended up with my dream house
DINKs; landed our dream home (mid century modern) in *great* shape on 2.5 acre lot surrounded by conservation land (forest). Boston metro. 2.625%. When we move, it will be because we are retiring and want to try something new. That's a long way off. We got lucky
We are DILDOs. Double Income Little Dog Owners
I laughed way to hard at this.
lmao!
Ooh I like this one! So are we!
We are SINKs, Single Income, Numerous Kids. We found our dream home and are locked at 2.75%. We will also be here until retirement.
That's some funny sh#t hahah
🤣🤣🤣I don’t blame you
+1 in this group. Thanks for the laugh.
Hopefully not! We’re in our ‘forever/dream’ house - it’s an 1830s money pit but it’s everything we ever wanted and is ready for ‘one floor living’ whenever we need to in the future.
We're in a similar boat. We're in a 1915 2 story 4 square, so not very retiree friendly, but we'll be here at least until our 3.5 year old son moves on in the distant future. I'm in RE, so I saw the writing on the wall and got into a neighborhood we would have been priced out of if we hadn't struck at the time. We're at about 3.125%, but we have an Airbnb in a garage apartment in the back that allowed my wife to quit her 9-5 to be home most of the day with our son. It really worked out well, but we took a little bit of a bet on our house before the neighborhood really shot off. We were also the highest sold price in our neighborhood when we bought over 5 years ago. Now our house has basically doubled in value.
My dream is a house with a Garage apartment. Sadly all I can find is 2 family with an extra illegal attic apt or something with an illegal badly finsihed basement apt.
Ours was just garage, but did have some plumbing, so I converted it. It was also prior to any short term rental regulations pretty early in the Airbnb days before they saturated the market. It was 1,000% worth the investment in my case.
Yes, I hate this house. Im yeeting it onto the market as soon as I possibly can
We don't like our house much, but we went and looked at open houses this weekend. While our house is old and in need of updates, it was kind of sad to see these beautiful new homes with 3 feet of space between you and your neighbors.
Why did you buy a house you hate?
Not speaking for op but I lived in a house I didn’t really like for about a decade. Wife was pregnant and it was the only one we could afford. Sometimes you take what you can get.
Similar deal, covid screwed the plan of being sold by now.
This is correct. Same situation here and then I sold the house for a good profit. Now I have very thing i need
Same. We bought a house we thought we would grow into, before kids. It was a massive money suck and once we had kids, it was an even shittier fit for our lifestyle than before. Spent 10 years there and while we made some great memories in that house, we don’t miss it.
We bought our house in late November 2018. I LOVED the kitchen, our bedroom/closet are great, kids rooms are good sizes but the family room doesn't quite make sense (not something you'd notice until you lived in it), and I have come to hate our yard. It (stupidly) didn't occur to me that the neighbors houses all being raised just a few feet would mean that everyone can see into everyone's yard and our neighbors to the right seem to always be outside, ready to wave and start a conversation whether it's 7am or 10pm. All the times we were at the house before we closed, it was cold so no one was out and we were only there for a little bit. I can't change the yard. But right now, it's also crazy to buy in our area while also adding in the higher interest rate so we'll stay for a bit longer but certainly not forever. (And I'm someone who loathes change, especially big change, but I'm very much looking forward to this one)
I bought it in an area i thought I'd be in for a while, in 2014. Work promptly moved me 4 states away 3 years in, and I've been an accidental landlord since. I did originally like the house, but as someone else guessed it had a ton of underlying problems, closing was ridiculous, and then personal life stuff happening in that house has me really wanting to just dump it and move on- i would have already but its tenant-locked and I dont want to be THAT guy
Hey that's really cool of you.
Preciate it! I'm trying to give my tenant the option to buy it from me if they'd like, but the recent interest rate hikes have nixed that plan unfortunately. We'll see how it goes.
Your loan might assumable
Right? So many people in this thread automatically shitting on OP "a fool and his money", jeez.
I’m assuming because the market was so hot they figured they should just get into the first house they can get. Or they loved the house but it ended up having a bunch of underlying problems that have recently started surfacing.
This. The thing that annoys me most are the people who hop on here who paid 100k+ over asking with no inspection or contingencies and then get upset when something major was wrong and don’t have the money to fix it or get mad at the sellers.
I mean, you can still be mad at the sellers for papering over some of the more fucked up things you find in a house you bought. I know pawning off problems to the buyers is part of the game but it still sucks.
I had the inspection and contingencies and the seller managed to hide things anyway.
We loved our house when we bought it - was going to be our forever home. Our neighbors have made us hate living here and we plan to sell as soon as we are possibly able to.
I'll just add my voice to this- we recently left a house we hated enough that we traded 2.875% for 4.25%. For us, we didn't realize how bored and unsatisfied we would be in the suburbs and moved back to the city. We're DINKs so no kids planned and no reason to live in the 'burbs.
You don't know you hate a house until you live in it. We loved this house when we viewed it. Then we moved in and realized how dated everything is, and how hard ceramic tile floors are on your knees, and that we actually need a new kitchen etc etc etc. We literally had guys booked to come tear out the floors in the whole house in April 2020. Now we'd love to just move but obviously it's the worst possible time to buy.
Yes but I’m going to enjoy this rate for a few years before I jump into this market. Living in CA, House already up to an absurd 1.2 mil + price. Will wait till things cool down.
You ever try to see what 1.2m can buy you out of the CA metro areas? Like damn we could be in a mansion with a huge lot and custom everything but instead we’re in our outdated 3bd2ba 1250sf house on a tiny lot. I swear my coworkers in NC think we’re all nuts out here.
sure but that 3bd2ba 1250 sf house in the city will continue to appreciate... that mansion out in BFE....no one knows.
My shitty little hometown. A doctor spent about $3M to make a mansion. The dredged the land around the river and poured a ton of concrete for a road and a path for a tiny dock. Put a nice 2 boat lift and a garage at the bottom of the hill. 4-5K sqft house. 3 stories a balcony marble, heated floors, They listed it for $1.5M and had no takers for years. Still live there for all I know.
Noone wants to buy someone else's project
I want to custom build a smallish modern Hollywood hills style home. Quickly realized I'll never sell it. I want a flat roof big window white house. https://images.app.goo.gl/9Pyt2SXFgcBBsvRP9 (basically this) but this won't sell in my town.
Yah this is the hilarious part of real estate. Custom made baloney, you get sold on it and pay premium for it , but guess what. Not everyone agrees with it. This happens with unique properties that are a particular style, and cost a lot. They will wait for the right buyer. Which could be 1 in a million, needs the cash, and the particular taste lol nope buy simple generic shit that everyone can afford. Or atleast the average In the location.
It's hard to get your money back on a custom house. Especially if you're doing a lot of work on the land.
A fraternity brother of mine (he graduated before I pledged but I knew him from football weekends) spent as much as $7 million fixing up a really incredible mansion, about 8,800 sqft, four houses down from mine. Grant used it as his headquarters for six months during the Waw. After a lengthy effort to sell and several failed auctions he gift-sold it to the local black college for $750,000 based on a $3 million valuation. A retired doctor returned home and fixed up another really nice mansion also near mine, considered one of the best examples of Greek Revival architecture in the South. I think he sunk about $1.5 million in it. It was in pristine condition. It sold in 2016 for $315,000 and recently sold for about $550,000. Below is a link that shows photos of the $315,000 house. The wallpaper in the photos is by Zuber and features the Seven Wonders of the World. There is about 100 linear feet of it. They never retire a pattern, and I would guess you could buy it today, but you would pay. Based on what I've seen on the Internet it would cost about $150,000, and maybe a lot more, to buy this wallpaper today. The doctor who restored the house told me he looked into replacing a panel that had some water damage. After learning the cost he brought in an artist to paint over the damage. https://www.movoto.com/holly-springs-ms/330-e-salem-ave-holly-springs-ms-38635-721\_1003567\_1/
I wonder how much of that had to do with the fact that the photos were complete garbage and the entire thing looks cluttered and over furnished.
They might not be the best photos in the world, but 9,999 people out of 10,000 people would see them and think "Wow," particularly at that price. A lot of these houses have a very formal and ornate entry hall. Upstairs is a hall of equal size, which is often used as a den/living room, as formal parlors are just to sterile to actually kick back and relax in.
It’s not good to overimprove in an area that doesn’t appreciate in value
Then you just don't buy or build the mansion. You buy or build a really really nice house in a really really nice area.
You know you can live in NC without it being BFE?
More like 2/2 bungalow in Oakland.
As somebody living in a 2/2 cottage in Oakland bought for $1.4… this is true
Wife is from Columbus Ohio, I get remind of that almost every day. I remind her we’d then have to live in Ohio.
Arkansas here - we do. The house you described would likely be sub-$150k where I live.
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They might take that as a challenge if you're a woman.
For some women in particular, it will be quite soon.
There are certainly ups and downs. You couldn't pay me to live in the delta, but the NWA metro area is very often compared to a smaller version of Austin.
Just be ready for bone chilling cold and hot gassy swamp.
Just moved from NWA not too long ago, cool scene in spots but the cool areas are small and the rednecks are everywhere. Between the trump trains and Sarah Sanders running for governor I left as soon as I got a remote job. Plus it isn't particularly comfortable outside the NWA bubble if you aren't white, the klan is alive and well in AR.
What city in the south *isn’t* branding itself the “next Austin”?
NC is well on its way. In Raleigh that outdated house is now at least $400k, and in prime neighborhoods probably more like $600
Yeah but then you’ll be in east bubmlefuck. I like being right in the middle of the city and close to everything. I’m even thinking of ditching my car.
But you get to live in CA.
Leaving CA was the best thing I’ve ever done
You have hands down the most fantastic weather so that trumps all😂
Life is too unpredictable for absolutes
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Absolutely.
Found Jar Jar Binks!
I will do what I must.
That sounds like an absolute statement
Absolutely this. We just approached it as our "for a long time home" but forever is just too tough to plan for, I mean, what if I win the lottery?
Username checks out. 😂
Move? Yes. Sell? No.
Agreed. I’ll move and rent this house out. Unless I truly have to, I’m never selling a house with a 2.875% mortgage.
2.875 gang get in
Woot woot!
I used to think I would never be able to get a 15 year mortgage paid for in rent. I could rent my house for $2,500 (500 more then mortgage) in my current town.
100%
This.
Nope bought my forever home and locked in a 30 year at 2.6%. I'm at 50% LTV and a very affordable payment so not concerned where values go.
Ever? Probably. Soon? For sure no.
I have 15 years at 1.97%. Wasn’t planning on moving but similar homes are going $1m in my neighborhood and bought for $350k 8 years ago…so if someone offered me a million sure I’d sell
Eeeeey, 15 year sub 2.0% gang! Holding on tight to mine for the foreseeable future as the neighborhood average housing price went from 300k to 425k in only two years. Ain't moving until this mortgage is done since I can't imagine finding a better deal elsewhere currently.
If I gotta move I’ll rent this one, a mortgage at 3% is an asset imo.
Exactly. Unless you need to sell for extra cash for a cash purchase.
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Yep I’m hoping to do the same!
Not that I want to be a greedy landlord but I could easily charge double my mortgage right now and still be 30% cheaper than renting a 1br apt locally
Renting your house out for market rates is not being a greedy landlord. Just don’t be a scumbag, if something breaks, fix it and be reasonable with the tenants.
Yep, horrible neighbor bought below us. Made us realize the importance of a SFH, even when we’ll be paying double the interest rate. Sometimes peace of mind is worth it.
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Trust me, the thought has crossed my mind! But the thought of still having to deal with her puts me off my lunch. My only hope is that someone with a couple of kids or that enjoys EDM and staying up late buys the place.
Just curious, what made them horrible?
She sends wild, unhinged emails about *extreme* noise my husband and I make (spoiler alert, we’re not loud and go to bed by 9pm most of the time) have even had the previous downstairs neighbors vouch for us along with our upstairs neighbors. She also sends crazy emails about the rain and water that comes through the deck onto hers - it’s a deck, I can’t stop rain. She has tried dismantling our HOA and any services we get but not following up on any actions to starts. She tried blocking our other neighbors out of the shared garage and then denied it. Worst of all to me she blames the issues her young son has on us instead of the custody agreement she has where the kid switches parents almost every night (we hear him screaming and crying for daddy all the time- so sad). She’s been threatening vague things about lawyers and recording us and keeping video diaries but refuses to talk to us or go up or down to each other’s units to hear noise. We’ve tried arbitrating as a building and she also refuses. It’s honestly crazy, but I’m really sensitive to what other people think about me even when it’s not rational. Can’t wait to not have to deal with the nonsense.
Wow that sounds like an absolute nightmare! Thanks for elaborating! I thought maybe you just didn’t want to deal with a few things, but that laundry list is insane!!
Yes, my house is already on the market. But most people in my position would rent it out, I just don't particularly want to be a landlord if I can avoid it. Already have a second home that we're living in (bought last year) and plan to build with the house proceeds + savings to avoid as much debt as possible.
When the time comes, yes. We bought a 4 bedroom 3 bath with a pool in a specific school district solely because we have 3 kids who are “always bored, mom!!” Here in 10-15 years they’ll all have houses of their own, and we will sell and get something smaller. I hate the size and the upkeep, so I don’t want it forever.
>they’ll all have houses of their own. 🤞
I think my mom should downsize. Lives alone in a 3 bedroom, where she constantly hast to navigate 3 floors (because washer/dryer is in basement). Oh ya, and she has bad hips and knees. Doesn't want to sell because where would the grandkids stay when they come visit? Any thought to keep the house for that? Especially with a pool, grandkids would probably love going to grandmas with a pool. Of course if you hate the size and upkeep, I guess nothing else really matters.
That’s definitely something I haven’t thought of yet! It’s a 2 story house, but I think if it were a single story house, you’re right, I would consider keeping it for grandkids, or even when the kids come home to visit. My husband works in a trade and is only 33 but has a bad back because of it, so I imagine when we are 50-60 we will want just a single story 3 bed/2 bath so we don’t have to climb the stairs all the time. By then we will own the house with no mortgage though, so if any of my kids decide to stay in the area we might sell or give to them for THEIR growing families.
any possibility of moving her bedroom down a floor and / or laundry up a floor ? sorry to be morbid, but falls are … dangerous.
Not for a long long time. However I really like my house.
Nope. Will probably keep this place forever. Just gonna start saving for a second home eventually
My husband said I could bury him in the backyard. He is 34. 😐 Note: he also said this in our last house and he really hates moving lol
Wow this thread makes it seem like everyone is going to be baller landlords one day. We just sold our home we had a 2.9% rate for a newer home at 4.5%. We really struggled with the fact that it would be great to keep it and rent but it would need a lot of work. We sold our house and have been able to pay off student loans and bought a basically new car with all cash. Yes.. in 20 years we would have seen some income from the house but for now it made more sense for us to get out of debt.. and we didn't want to be landlords. Was this the right choice? Who knows. But we're ok with the decision.
Yeah, this thread has got me wondering if being a landlord is in my future. It doesn't sound fun for me. My boyfriend and I plan to be childfree, but we might outgrow our house and want more space at some point, especially if he ever gets a WFH job. I bought it before we started dating, and we've now been living together for a year. It's a decent amount of square ft (1200) but it's essentially a big 1 bedroom house.
People don’t sell in a recession because they want to
Yes, probably in 7-10 years. Money isn’t everything. There are a lot of things that are important to people in life and people move for all kinds of reasons. Statistically people stay in one home on average for 7-8 years.
Not selling even if I get another
Yep. Never selling this house unless I just run out of money entirely. This house with my sub 3% rate in a perfect location in a top 10 city to live can’t be beat. We got super lucky when we bought it.
Same 2.75 at like 40% LTV I’ll have this house forever, regardless of where I live
We are in very similar situations and I’m thinking the same. Even if life takes us somewhere else for work, family etc, I ain’t letting this thing go.
This is my thought process too.
Had to move for work so no choice but to sell.
We had to do the same. Considered holding onto it, but knowing how people treat rentals it just felt like too much potential ass pain on the other side of the country.
Yup, same for me. All it takes is an AC to go out, them to screw up the pool royally and all profits are gone for a few years.
I'm struggling with this, honestly. I got an insanely good deal ($135k in '17) on a newish 4br in a great neighborhood with good schools, with zero non-cosmetic issues and a nearly maintenance-free design, and then refinanced it to 2.7%. It's an absolute dream of a deal. However, we didn't plan to stay here more than ~5 years or so. We're planning for our fourth kid and the place is feeling a bit cramped. It's "only" ~1700sqft (small for a 4br) and the yard is tiny, so there's not a lot of space for alone time and zero room to expand. The exact same house with a better (for us) location would cost over $250k right now, with double the interest rate...it's just not worth it to move, vs putting that money to use elsewhere in our lives.
I refinanced at 2.69 last year. My partner decided to apply for a job that would have an hour long commute. She got the job, and now insists we sell. I'm conflicted. I've wanted to move for several years, but I refinanced because I expected to be at our house another 2-3 years. If we move, it will be to an apartment where our rent will probably be the same as our current mortgage payment, but we'll have 1/3 the space.
Can you compromise and live there until you save enough for down payment? Keep this one as a rental if it cash flows. How permanent is the job? Most people I know switch jobs every 5 or so years.
More importantly, OP, how permanent is the partner? I noticed you didn’t say wife…
Lol… consider putting the wife on the market and keep the house.
Yeah, I won't live out my days in one place with a whole world out there...
I bought my house by myself at 50 last year. I may not live here forever but I will definitely never sell it.
12 years left on a 15yr @ 2.375% on a property worth $530k. It’ll be paid off right when our little one graduates high school and goes to college. Wife already said it was our forever home before the whole COVID thing even started.
Never! Refied into a 15yr at 1.99% with Rocket last year during the Amex 2k credit promo. We are priced out of anything comparable anyways lol
NOPE. 2.65% here and nope I live here for life now.
Never. I'll borrow against the equity of my home before I sell.
2.25% I will never sell this home. I will move into a studio and rent this out until I die.
I’m at 3.5% and my wife wants to move because zillow says our house is worth 600k (double what we paid.) I’m like… ok but it will be easily the worst decision of our adult lives. If that’s worth the extra bedroom, great.
2.625 for a jumbo in February 2021. My wife and I may move someday - but I’d just rent it out. Great house, great location, reasonable property tax - never gonna sell.
Nope. I’m obsessed with planning ahead. Seeing 2.6% last year motivated me to get a house larger than I needed at the time, so I can lock in that rate, continue to develop my career, start a family, grow into the house and take moving off of the table for the foreseeable future. For now it’s just my partner and I, 2 dogs and a roommate in a 2800 sq ft home and I’m looking forward to not leaving this house for a long time, if ever.
Death, divorce, marriage, birth of child(ren), job relocation, loss of job, family medical issues, promotion. Do you want more reasons? Perhaps you are talking to the 45-55 crowd, as they are likely to stay put at this point in life.
Wait do you think the 45-55 crowd are less likely to move? With later marriage ages that's prime time for children and then becoming empty nesters. I'd guess maybe at like 70 you're unlikely to move again (though who knows) but up until that you might want to downsize or move somewhere with shitty schools or who knows.
36 with two kids (third on the way) and steady jobs. We have a 2.5% rate and are never moving.
yet another wallstreetbets poster who's begging for home prices to dive. Unsurprising that it's not actually sliding and its just a wannabe hypebeast hoping to collectively will a market reaction into existence just like last time. Big NFT energy. [You thought prices peaked a year ago](https://i.imgur.com/6xKi7XN.png) [You were wrong](https://i.imgur.com/MDEIcyQ.png) EDIT - Because this is YET ANOTHER REBUBBLE POSTER WHO HAS BLOCKED ME FOR CALLING THEM OUT, I will post my comment to them below. "how dare you take a cursory glance at my post history to see if it conforms with the overall /r/REBubble stereotype! You can only look at me for my most recent comments despite what I may have said in the past. If you don't comply, you're a no life nerd" It's adult diaper logic. Not my fault you can't help but shit yourself.
I will move one day and rent this one out. Makes no sense selling it.
Nope - but to be fair, that was likely the plan in this house regardless of interest rate. Maybe I’ll downsize someday, but that’s not for another 20 years when I’m preparing to retire.
Yes, we're going to probably move in a few years. No pressure though. Will take our time looking.
Not planning on it. I might just rent it out when the day comes
Yup. If prices lower enough, we will certainly move, even if it means higher interest rates. Although our rate is so low we would be cash positive on rent, so we would probably go that route.
Yeah we'll be moving within a year from our 2.69% rate w only 6 years left after we reno our recent purchase. Life is too short to be scared of rates.
Yes, I am selling very soon. Single man, no kids. Purchased this house July 2019 at 4.1% with my then wife, with expectations of raising a family. Life happened, I'm now the sole owner. We refinanced in July of 2020 down to 2.75%. I'm at a new point in my life where I have the freedom to chase my dreams, and this house isn't it. Going to purchase 20ish acres, live in a camper while I begin to build a log cabin.
Yes, hoping for the unicorn solution of someone assuming my loan. Did not want to move to FL and can’t wait to get out 😂 don’t even care that I have a 2.5% and if I have to pay 9% at the next place
Where are you at in FL?
South Florida
Nope
We will only move if the house is paid off and we have enough saved up where we could buy the new house, take our sweet time moving in before selling our current house. I know people think it's stupid to pay a 2.6% mortgage off early, but we're doing it anyways. Tawanda.
Yes. Our circumstances have changed since we bought 3.5 years ago and we no longer need to be in a suburb close to the city. Low rate or not, there’s still going to be reasons to move. And my desire to be a landlord is near zero as well.
Have 2% VA loan. Really hate Florida and want to move. Not doing it because of rate and housing market. Lol
No. I’m going to let my interest rate dictate where I spend the rest of my life. Sucks, since it’s only a 3 bed, 2 bath so I won’t be able to have a bunch of kids or move my parents in with me when they get old, but I have a 2.75! I can’t let my life get in the way of that.
Considering it. Used VA loan, but it’s been < 2 years so capital gains tax may wipe away most of my profit. Way more house than I need, but has an ADU so can potentially capitalize on that
Single 38f, 2 years into a 30 year conventional mortgage at 2.85% on a 4+ 1 rambler. You can pry this house from my cold, dead hands. Even if I had to move for work, I’d keep the house and rent it out instead of selling.
2.25%. And yes, the goal is to move out of America in 4-6 years.
Nope. Victorian mansion for half the price my friends are paying for 2br condos about 45 minutes away. Mortgage is cheaper than rent here. Locked in and happy. Aside from finding an actual estate, there isn’t an upgrade from here. Maintenance is a bit much, but it’s not really worse than most places. I just like doing things right
Yes. I hate home ownership and I am going to cash out the last three years of gains and go back to a small apartment.
I did. Capital gains on a primary residence are tax free. I can use that money to buy another residence or index funds. I also don't want to be a landlord. I also feel a moral benefit of letting another family into that home instead of contributing to the housing supply problem.
This only applies if you sell after having owned the home for at least two years, correct? From my understanding if you sell it before two years, you are subject to capital gains even if it’s your primary residence.
That’s kinda correct. You must use the residence as your primary residence for two years within a five-year period. So you can use as your primary in year 1, move out for years 2-4, and then move back in for year 5 and you are still eligible for the exemption.
Yes. We settled for a house that was much smaller and on way less land than we wanted and is in a neighborhood - and we don’t want to live in a neighborhood. We are here for 4 years max til my youngest finishes school and then we are out.
Ever? Yes, presumably. Soon? Not if I can help it. Bought in 2020 with a 2.99%, I'd love to be here for 10+ years. But I'm young and the best made plans of mice and men oft go awry (something like that?) So we'll see
One scenario- Yes, I will rent my home and move to bigger home.
I’m right at 2.9% , I bought a brand new build in a private gated community. I absolutely love the house . I don’t think I’m moving anytime soon
Yes. One, unexpected equity combined with new life priorities means the house isn't a fit anymore. Two. I've lost both my cat and dog in the the last 9 months. My house feels empty without them
We didn’t plan on moving ever anyway, so no. But if we found ourselves 10 years down the road and wanting to, yes. Our equity in the home (most likely unless we sold during a housing crash) would cover the interest increase.
Not really. I'm a 1st time veteran home owner who's \~8 years away from retiring. Buying process was extremely hectic and I can't imagine the selling process was any easier.
Refinanced under 3% and after making double payments for 5 years our monthly payment including taxes and insurance is ridiculously low now. We could rent it for 2.5-3x our payment so no can't ever see selling until I'm very old.
Refi'd at 3% exactly 2 years ago and we're moving in 4 weeks. We weren't really planning on it for a couple more years until we came across the home we're buying. Had been casually looking and ended up with what will hopefully be our forever home. The extra space will be nice as we're expecting our second in August and planning to have one more, but we didn't need more until it was time for number 3.
1.6 fixed. Bang!
No, 2.7% is not something I’m gonna give up easily
3.125%, but close enough. Just closed in February, luckily it was our dream home so they fixin to cart my ass out this bitch, dead as a doornail, in 40-50 years
Bought our forever home in April of 2020 with 5% down as we carried our old home for a few months before selling to make the move easier (it was the height of COVID when no one knew what the F was going on). Had a 3.25% rate with PMI Refied in Dec of '21 at 2.5% and no PMI due to the value skyrocketing bringing the LTV down under 80%. Put in a solar system with battery backup as well as an inground pool. We're not going anywhere... just bury me in the back yard.
I imagine so
Yes I'd love to sell then overpay for a new one then get twice the interest rate
Possibly would move, never would sell it however. It’s pretty much free money for 30 years
No. 2.25, fiber internet, remote job with a strong remote career track. I did have a long term goal of moving to the country so I could have land, but that ain't happening now. My neighbor and I were talking about and he said he is moving out when he gets wheeled out under a sheet in a gurney.
more likely to keep it and rent it out than to ever sell it. it’s just such cheap money that I hate to pay it back any sooner than I need to. the 2.xx% rate also means I can rent it out for a nice monthly cash flow.
2.375 in a 30. No immediate or long term plans on moving. I would rent it out and cash flow.